Short Interest in JD Logistics, Inc. (OTCMKTS:JDLGF) Expands By 59.1%

JD Logistics, Inc. (OTCMKTS:JDLGF) was the target of a significant increase in short interest in March. As of March 13th, there was short interest totaling 3,444,700 shares, an increase of 59.1% from the February 26th total of 2,165,700 shares. Based on an average daily trading volume, of 1,020 shares, the days-to-cover ratio is presently 3,377.2 days.

JD Logistics Stock Performance

Shares of JDLGF stock remained flat at $1.70 during trading hours on Friday. JD Logistics has a 12-month low of $0.94 and a 12-month high of $1.95. The firm has a 50-day moving average of $1.38 and a 200 day moving average of $1.44.

About JD Logistics

JD Logistics is the logistics and supply chain management arm of JD.com, one of China’s largest e-commerce platforms. Established to bring transparency and efficiency to warehousing and delivery, the company was spun off in 2021 to operate as an independent public entity. Headquartered in Beijing, JD Logistics leverages the technology and infrastructure strengths of its parent organization while pursuing its own growth strategies in both domestic and international markets.

The company offers an integrated suite of services that spans warehousing, order fulfillment, last-mile delivery, cold chain logistics and supply chain consulting.